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The Chicago Tribune has This Story on the thousands of libraries across the country that may be out $50 million after a subsidiary of Chicago-based Divine Inc. accepted their money last year to buy periodicals but failed to pay the publishers.

\"This is unconscionable, unethical and moving rapidly toward grand larceny,\" said Susan Davis, head of periodical acquisitions at the State University of New York at Buffalo. Her e-mail, sent to a RoweCom sales representative last month, is part of a lawsuit filed against the company by the New York State attorney general\'s office

Yahoo Internet Life is closing up shop. According to Robert Callahan, CEO, \"the closure is due to the struggling technology market after the dot-com bubble burst and the decline of advertising dollars.\" ZDNet has More.

USA Today is reporting that AT&T has raised their USF
(E-Rate) charge to nearly double what the federal government mandates. The company is being sued, as a result. According to an attorney involved in the case, \"If successful, the case could result in an award of tens to hundreds of millions of dollars.\" More

The BBC is reporting that a Supreme Court judge has ordered Microsoft to hand over to legal opponents, the code to its famous Windows operating system. Microsoft is trying to avoid releasing the code. More

Cavan McCarthy writes \"The sale of netLibrary assets to OCLC was finalized at 5 p.m. Jan. 24 in Boulder, Colorado. The sale includes both the eBook Division, which will become a division of OCLC, and the MetaText eTextbook Division, which will become a for-profit subsidiary. Both operations will remain in Boulder.

This comes from Library Stuff.Full Story
- Questia Media down to 28 workers. - \"Another round of layoffs at online library and academic research firm Questia Media has reduced the company to a skeleton crew of about 28 workers, just enough to maintain its Web site. About 40 workers were laid off last week without severance pay, sources say, when it became clear plans for another round of investment cash wouldn\'t materialize. The company previously raised more than $135 million and at one time employed over 300 workers, but has had several rounds of layoffs beginning last spring.\"
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Chronicle.com has a Story that says The New York Times Company v. Jonathan Tasini and related cases have perhaps permanently changed electronic databases.

Almost 20 years\' worth of newspaper history, a vital source of information for those studying history, politics, society, the media, and other subjects, is shot through with more holes than a block of Swiss cheese.

Rozella Hardin writes...
\"If you can surf the Internet or find your way to a Tennessee public library, you\'re only a few keystrokes away from an $11,000 information windfall known as the Tennessee Electronic Library. For no charge, you can dig into virtual mountains of reference materials, magazines, almanacs, encyclopedias, academic journals, and directories. Since 10/1999, the electronic library has provided access to nearly 4.7 million documents on topics ranging from business to literature to current events to health and wellness. Librarians report using it for purposes as serious as aiding in cancer research at St. Jude Children\'s Hospital and as frivolous as answering an office trivia quiz about why a Fig Newton is so named.\" More

Lee Hadden writes: \"OCLC announced that plans continue for the purchase of netlibrary, a
collection of e-books available to academic, public and special libraries.
Read more about it at the OCLC webpages.
Final closing on the sale of netLibrary assets to OCLC Online Computer Library Center has been set for later this month, based upon approval granted today by the U.S. Bankruptcy Court for the District of Colorado.\"